Average transaction cost of sending remittances to a specific country in Indonesia
Indonesia: Average transaction cost of sending remittances to a specific country was 2.4% in 2023. ▼ Falling
Average transaction cost of sending remittances to a specific country in Indonesia, 2016–2023
Source: Remittance Prices Worldwide, World Bank (WB). Measured in %.
Analysis
In 2023, average transaction cost of sending remittances to a specific country in Indonesia stood at 2.4%. That is the lowest value across all 8 years on record.
Compared with earlier readings it is down 16.1% on the previous year and down 66.6% over ten years.
Indonesia ranks 60th of 100 countries on this measure, in the middle of the range.
Average transaction cost of sending remittances to a specific country in Indonesia, year by year
| Year | % | Change |
|---|---|---|
| 2016 | 7.3% | — |
| 2017 | 5.6% | -22.7% |
| 2018 | 5.3% | -5.3% |
| 2019 | 4.0% | -25.5% |
| 2020 | 3.9% | -1.6% |
| 2021 | 3.4% | -13.9% |
| 2022 | 2.9% | -14.0% |
| 2023 | 2.4% | -16.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.6% | 4.0% | 7.3% | 4 |
| 2020s | 3.2% | 2.4% | 3.9% | 4 |
Countries ranked near Indonesia
More financial sector data for Indonesia
- Reserve position in the IMF, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve position in the IMF, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve position in the IMF, US dollar, per capita 3.8 units per person (2025)
- Reserve position in the IMF, SDR, annual growth rate 0 % change on previous year (2025)
- Reserve position in the IMF, SDR, per unit of GDP 0.0005 units per US$ of GDP (2025)
- Reserve position in the IMF, SDR, per capita 2.78 units per person (2025)
- Reserve tranche position, US dollar, annual growth rate 5.01 % change on previous year (2025)
- Reserve tranche position, US dollar, per unit of GDP 0.0008 units per US$ of GDP (2025)
- Reserve tranche position, US dollar, per capita 3.8 units per person (2025)
- Reserve tranche position, SDR, annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is average transaction cost of sending remittances to a specific country in Indonesia?
- Average transaction cost of sending remittances to a specific country in Indonesia was 2.4% in 2023, according to Remittance Prices Worldwide, World Bank (WB).
- What is the highest average transaction cost of sending remittances to a specific country recorded in Indonesia?
- The highest recorded value was 7.3% in 2016.
- What is the lowest average transaction cost of sending remittances to a specific country recorded in Indonesia?
- The lowest recorded value was 2.4% in 2023.
- How does Indonesia rank for average transaction cost of sending remittances to a specific country?
- Indonesia ranks 60th out of 100 countries with data for 2023.
- Is average transaction cost of sending remittances to a specific country rising or falling in Indonesia?
- Over the last ten years it is down 66.6%. The long-run trend across the full record is falling.
- Where does this Indonesia data come from?
- The figures come from Remittance Prices Worldwide, World Bank (WB), published as part of Average transaction cost of sending remittances to a specific country (%). Statizoid updates them automatically from the source API.
Download this data
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About this data
Average transaction cost of sending remittance to a specific country is the average of the total transaction cost in percentage of the amount sent for sending USD 200 charged by each single remittance service provider (RSP) included in the Remittance Prices Worldwide (RPW) database to a specific country.